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Jan 15, 2013
01/13
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on the debt ceiling, even accusing republicans of an unfortunate metaphor, holding a gun at the head of the american people, as he put it. meanwhile, treasury secretary tim of the airline's the united states to default on payment as soon as mid february. for more of the president's is covered son joined by former reagan political director ed rollins, former pleasant to have clinton political adviser. let's start with the president's news conference today. the president seemed, well, you characterize it. he seemed to fill in the blank " >> i would say congeal. meaning that he tried to portray himself as reasonable and said that there was now negotiating and the debt ceiling, lesley because he is in a strong position politically in that the most would agree that the republicans are showing no signs of real life. lou: do you agree? >> i think the republicans rolled over and play dead. at this point in time they will draw a line in the sand. no believe they should shut government down, but i think this is a position where they need to make their case known. the president said over and ov
on the debt ceiling, even accusing republicans of an unfortunate metaphor, holding a gun at the head of the american people, as he put it. meanwhile, treasury secretary tim of the airline's the united states to default on payment as soon as mid february. for more of the president's is covered son joined by former reagan political director ed rollins, former pleasant to have clinton political adviser. let's start with the president's news conference today. the president seemed, well, you...
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Jan 21, 2013
01/13
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he closed the deal on the debt ceiling with mitch mcconnell. he was the spokesman for the gun initiative. these are high-profile roles that presidents don't have to give to vice presidents. this is how important joe biden has become in this administration. >> they clearly have an incredible relationship. gloria borger just spent some time with the vice president. gloria, if you can hear me, talk a little about what we're seeing right now. >> i think you're seeing vintage joe biden. this is the joe biden that those of us who have covered him for quite some time know pretty well. i mean, it's unvarnished. this is not his parade but he's kind of turning it into his parade. i think he knows, wolf, that this could be his last parade unless he does run again. he wouldn't commit to me one way or another. i think he's surely thinking about it. we were talking here about how fit joe biden is. for a man his age. when i was -- i interviewed him in the old executive office building on friday. look at him run. and that's how he walks down the hall at the ol
he closed the deal on the debt ceiling with mitch mcconnell. he was the spokesman for the gun initiative. these are high-profile roles that presidents don't have to give to vice presidents. this is how important joe biden has become in this administration. >> they clearly have an incredible relationship. gloria borger just spent some time with the vice president. gloria, if you can hear me, talk a little about what we're seeing right now. >> i think you're seeing vintage joe biden....
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Jan 18, 2013
01/13
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you will have the debt ceiling potential deal. liz: hence worries will cause volume at this time to go higher. >> sequester and continuing resolution. you have all this political risk. if you think about the last two, three years, liz, the bottom line, people outperformed, people that generated alpha, bought during periods of political fear. the people that added to the market, added to their exposure to the market during times of complacency typically underperformed. you want to save that powder for those political fear moments. david: save your cash until the debt ceiling thing collapses. maybe three months. want to focus on europe. spain and italy have $2.6 trillion worth of bonds outstanding. 2.6 trillion. they have got to borrow more, about 150 billion, in order to pay off old debts with old bonds. how will they do it. what happens if there is no buyers? >> look at spain. look at lehman. there is so many great comparisons because, --. david: that is not a good thing for spain. >> well, you look back to 2008. the fed bailed ou
you will have the debt ceiling potential deal. liz: hence worries will cause volume at this time to go higher. >> sequester and continuing resolution. you have all this political risk. if you think about the last two, three years, liz, the bottom line, people outperformed, people that generated alpha, bought during periods of political fear. the people that added to the market, added to their exposure to the market during times of complacency typically underperformed. you want to save...
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Jan 16, 2013
01/13
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debt ceiling, this is what the beige book is telling us, bill, the run-up is a big deal and the whole question. i'm not saying it's -- it's very important to solve these issues, but i think what the market wants, what investors want and probably what the american public wants is an understanding of the process of how we make a decision. i really think at this time our democracy and how we make decisions is entirely up in the air and unclear to most people. if business understood how we got to go, then i think there would be more clarity out there. you could operate a business. >> you know, steve, i have a question to you. i know it's basically fed policy under ben, under chairman greenspan not to wade into the actual mode to solve these issues, but isn't it a bit disingenuous of the fed to talk about all this uncertainty without making any comments as to hey, you guys, you need to deal with the debt. you need to deal -- >> but, they are. bernanke makes that comment a lot. he has said. >> says it all the time. >> more a solution. like telling them how to go about it. >> that's the prob
debt ceiling, this is what the beige book is telling us, bill, the run-up is a big deal and the whole question. i'm not saying it's -- it's very important to solve these issues, but i think what the market wants, what investors want and probably what the american public wants is an understanding of the process of how we make a decision. i really think at this time our democracy and how we make decisions is entirely up in the air and unclear to most people. if business understood how we got to...
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Jan 14, 2013
01/13
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funding the government and raising the debt ceiling. >> oh, sure. yes, we can. i'm not too sure -- >> i understand, but do you think that's going to happen? >> no, i don't. i do believe that the house will postpone any consideration of anything resembling gun control until such time that the senate acts and i think the house is going to focus all of its attention on the debt ceiling and the sequestration. >> white house says they're not negotiating. yet senate democrats have win a letter basically begging the president to come up with a plan b. if the house republicans saying they're not going to raise the debt ceiling without they're going to use it as leverage and the president says no, then the president needs to come up with a plan b. do you think the president needs a plan b. >> well, plan b, to me, is the executive order and i know what the white house has said about that. you may recall -- >> when you say exec tiff order, do you mean the 14th amendment option? >> i've been here for two years now. they're saying ever since they had the last debate and i th
funding the government and raising the debt ceiling. >> oh, sure. yes, we can. i'm not too sure -- >> i understand, but do you think that's going to happen? >> no, i don't. i do believe that the house will postpone any consideration of anything resembling gun control until such time that the senate acts and i think the house is going to focus all of its attention on the debt ceiling and the sequestration. >> white house says they're not negotiating. yet senate democrats...
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Jan 21, 2013
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ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure, it's a sign that the u.s. government can't pay its own bills, it's a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies. leadership means that the buck stops here. instead, washington is shifting the burden of bad choices today on the backs of our children and grandchildren, therefore intend to oppose the effort to increase america's debt limit. in 2008, candidate obama blamed president bush and called the growing debt unpatriotic. >> number 43 added 4 trillion dollars by his lonesome so that we no
ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a...
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Jan 17, 2013
01/13
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on the debt ceiling yet. we have no idea what sequestration would mean. apple is leading the market. actually gotten killed. all of these things would be told and needed to be in place in order for the market to go up and are not. i think the story here is very low expectations and investors looking at that three-year number, five-year number and saying the market is way more hospitable than i thought it would be and i need to do something different than what i've been doing all this time. >> all right. rick santelli, your take on this day. your landscape is bigger than just equities. treasury yields have been ticking up. currencies are going higher against the dollar and oil is going higher. what do you make of what's going on today? >> well, one thing just said that has a common denominator with all of those, of course, is liquefying and central bank activity whether it's bank of japan, europe, we see interest rates are up. went from 180 to testing 190. the bund violated 160, hasn't done that for a while. e
on the debt ceiling yet. we have no idea what sequestration would mean. apple is leading the market. actually gotten killed. all of these things would be told and needed to be in place in order for the market to go up and are not. i think the story here is very low expectations and investors looking at that three-year number, five-year number and saying the market is way more hospitable than i thought it would be and i need to do something different than what i've been doing all this time....
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Jan 16, 2013
01/13
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kind on the debt ceiling. it's pushing them away and fitch says, watch out, here comes a downgrade. this is entirely possible with very serious consequences. >> sean: he could use the kids tomorrow as he announces executive orders as props. >> exploit them. >> sean: exploit them, i agree, that's the right term. interesting, is he going to say to them, by the way i'm the guy that's giving you 10 trillion dollars in debt? is he going to say i'm sorry i broke open your piggy bank, young children? i tend to doubt it. the guy won't deal with spending, stuart. >> no, he will not deal with spending, under any circumstances this president will not cut spending, he will not negotiate on that issue, he will not cut spending. his policy is exactly the same now as it has been for the last four years, which is tax the rich, do not cut spending, ignore the buildup in the debt. he now owns this economy. it is his, it's got his name written all over it. >> sean: he was blaming the republicans, they forced me he to sign these
kind on the debt ceiling. it's pushing them away and fitch says, watch out, here comes a downgrade. this is entirely possible with very serious consequences. >> sean: he could use the kids tomorrow as he announces executive orders as props. >> exploit them. >> sean: exploit them, i agree, that's the right term. interesting, is he going to say to them, by the way i'm the guy that's giving you 10 trillion dollars in debt? is he going to say i'm sorry i broke open your piggy...
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Jan 17, 2013
01/13
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there is the debt ceiling to have to deal with, there is government spending that expires in march and those automatic spending cuts, sequestration is supposed to hit the federal budget. and right now it appears a strategy that republicans are beginning to coalesce around, perhaps a short-term debt ceiling increase, pass that through the house with spending cuts, deal with the other elements of government spending and then set up a protracted argument or debate over the debt ceiling going forward. as republicans say, when it comes to their strategy, cutting spending is imperative. melissa: there's no celebration the fact we're a nation of $16 trillion in debt and you have someone in the white house that says to do the one thing that makes absolutely no sense whatsoever, and that is raise the debt ceiling with no change in the future? that is actually an absurd argument i don't think any householder in a state run well operates like that. >> house budget committee chairman spoke to reporters a short while ago saying this to work in the strategies on all this trying to identify the spend
there is the debt ceiling to have to deal with, there is government spending that expires in march and those automatic spending cuts, sequestration is supposed to hit the federal budget. and right now it appears a strategy that republicans are beginning to coalesce around, perhaps a short-term debt ceiling increase, pass that through the house with spending cuts, deal with the other elements of government spending and then set up a protracted argument or debate over the debt ceiling going...
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Jan 15, 2013
01/13
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find thousands of big deals now... at officemax. >>> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and we are not a deadbeat nation. >> well, mr. president, it all depends on who you are talking about. radical republican lawmakers are ready to really trample all over american citizens in order just to get what they want. the republican crusade on the debt ceiling will harm all of these folks. let's go through them tonight. anyone on social security. that means if you're on social security and you live on that fixed income, you won't get the check. how about veterans. i thought -- you know, this is what confuses me. veterans and troops. i always thought the republicans supported the troops. remember those signs "we support the troops"? maybe not anymore. if you're a business owner, the government may default on your loan. that's right. right here. you need that money to continue to meet payroll. of course, that will certainly hurt employment in this country. and that's really what the republicans like. do you have a mor
find thousands of big deals now... at officemax. >>> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and we are not a deadbeat nation. >> well, mr. president, it all depends on who you are talking about. radical republican lawmakers are ready to really trample all over american citizens in order just to get what they want. the republican crusade on the debt ceiling will harm all of these folks. let's go through...
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Jan 21, 2013
01/13
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he seems to have been a force forex tending debt ceiling in order to gain some time to negotiate. i think all of that argues in favor of some time to get the right things done. >> chuck gabriel, how did you read or hear the president's passage where he talked about medicare and social security and he said the commitments we make to each other through medicare, medicaid, social security, these things do not zap our initiative, they strengthen it. they do not make us a nation of takers, they free us and make this country great. that felt to me like a bit of a stake in the ground by the president. >> yeah. you know, the president last week cast doubt on whether republicans believe in the principles and functions of social security and medicare, etc. so in some respects i think this is kind of a new, improved version of what president clinton did when he was facing a republican congress. he was talking about family values back in the '90s. he said i want a government that values families. and as the president said, we don't need to relitigate this today, but we need a government that
he seems to have been a force forex tending debt ceiling in order to gain some time to negotiate. i think all of that argues in favor of some time to get the right things done. >> chuck gabriel, how did you read or hear the president's passage where he talked about medicare and social security and he said the commitments we make to each other through medicare, medicaid, social security, these things do not zap our initiative, they strengthen it. they do not make us a nation of takers,...
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Jan 16, 2013
01/13
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so why strike a deal on the debt ceiling when you can just eliminate it? they push from democrats in washington. dennis: a man charged with stealing $400,000 in copy toner. lori and tracy are up next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems
so why strike a deal on the debt ceiling when you can just eliminate it? they push from democrats in washington. dennis: a man charged with stealing $400,000 in copy toner. lori and tracy are up next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women,...
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Jan 20, 2013
01/13
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with the debt ceiling as l. i spoke to one of the president's closest advisers who told me, point blank, the president has told him, he knows he has about a year to get the big things done. then he becomes a lame duck and then you have to start shifting more and more toward foreign policy, traveling around the world. on the domestic agend ahe has a very short time before he becomes a lame duck. >> the president's inaugural address tomorrow is a tradition that dates back to george washington in 1789. the president plans to look ahead more than back in the speech. let's get some insight from the wall street journal columnist. what are your thoughts on what the president needs to say in order to be most effective, to best set himself up, going into the next four years? >> reporter: well, i don't know. we will find out what he and his aides have decided about that, just about 24 hours from now. i think a second inaugural address is always a little bit difficult, you know? a first inaugural, everybody's new and excit
with the debt ceiling as l. i spoke to one of the president's closest advisers who told me, point blank, the president has told him, he knows he has about a year to get the big things done. then he becomes a lame duck and then you have to start shifting more and more toward foreign policy, traveling around the world. on the domestic agend ahe has a very short time before he becomes a lame duck. >> the president's inaugural address tomorrow is a tradition that dates back to george...
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Jan 15, 2013
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i understand that you don't want to use the debt ceiling debate as -- as any leverage, you know. this is important. this is important for the u.s. as well as the world, so you don't want to use it as leverage, but why is it that it's always about taking off the gloves and fighting over it rather than coming up with real spending cut ideas? we still have not seen spending cut ideas to what we have, the 16.4 trillion or even, you know, projected spending, so where are the spending cut ideas, and when is that going to happen if you don't use some of these opportunities to actually get spending cuts on the table? >> well, the fortunate part is you follow this stuff, and if they would quit using the word cut. not cutting anything. can't believe when you say change the cost of living allowance to the changed cpi and save 108 billion in ten years or cutting, you know, balancing the budget on the backs of poor old seniors. when they wander up to the window in 2031 they are going to get a check for 25% less. what's smart about that? mean, let's just get real. they won't get real because t
i understand that you don't want to use the debt ceiling debate as -- as any leverage, you know. this is important. this is important for the u.s. as well as the world, so you don't want to use it as leverage, but why is it that it's always about taking off the gloves and fighting over it rather than coming up with real spending cut ideas? we still have not seen spending cut ideas to what we have, the 16.4 trillion or even, you know, projected spending, so where are the spending cut ideas, and...
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Jan 16, 2013
01/13
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the fiscal cliff and sandy relief votes do provide a template for how, by the way, the debt ceiling might ultimately get raised. on the tax deal, house republican leaders had political cover from senate republicans. on sandy, chris christie provided the political cover, leaving house leaders, frankly, cowering. now the kotch brothers, through a group they backed, called americans for prosperity, are the latest to give boehner and other house leaders cover on the debt ceiling, as they get their rank and file to pick other political fights. tim phillips, president of americans for prosperity, told the financial times, quote, we're saying calibrate your message, focus on long-term spending instead of long-term debt. focusing on the debt ceiling makes the message more difficult. when i asked walden about the debt ceiling yesterday, he was clearly noncommittal, hinting on where the republican leadership maybe is on this. if there's not a majority in the house republican to raise the debt limit, but there is a majority in the house of representatives to raise a clean debt limit, would this lead
the fiscal cliff and sandy relief votes do provide a template for how, by the way, the debt ceiling might ultimately get raised. on the tax deal, house republican leaders had political cover from senate republicans. on sandy, chris christie provided the political cover, leaving house leaders, frankly, cowering. now the kotch brothers, through a group they backed, called americans for prosperity, are the latest to give boehner and other house leaders cover on the debt ceiling, as they get their...
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Jan 15, 2013
01/13
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at one point if you remember, the president was hoping he could get a debt ceiling deal tied to the fiscal cliff negotiation. that didn't happen. the republicans gave up that negotiation. but they're hoping that the debt ceiling raising will give them the leverage that they need to get what they want when it comes to spending cuts. the president hopes though that he can by delegitimizing this idea of having the debt ceiling as a debate, have them have no leverage going into the deficit-cutting discussion or at least a lot less leverage. >> bill: the other big topic, the only other topic actually raised at the news conference yesterday other than whether or not you elect a party, president likes to have a party. was the issue of guns where the president was not specific because he hasn't seen -- or wasn't ready to list all of the recommendations that may have come out of the biden task force. but the president did express and repeat his resolve to do something about this issue of gun violence. no doubt about that, was there? >> no. while he put off getting into the details a little bit, he
at one point if you remember, the president was hoping he could get a debt ceiling deal tied to the fiscal cliff negotiation. that didn't happen. the republicans gave up that negotiation. but they're hoping that the debt ceiling raising will give them the leverage that they need to get what they want when it comes to spending cuts. the president hopes though that he can by delegitimizing this idea of having the debt ceiling as a debate, have them have no leverage going into the deficit-cutting...
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Jan 20, 2013
01/13
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. >> i don't want to have that conversation in the context of the three-month debt ceiling deals. if we are going talk entitlements, is there room to push on the entitlements and suggest a larger social safety net, things like providing opportunities for poor children beginning to close the wealth gap is a priority. >> raise the health care law. i think it's very important to remember that law isn't fully operational, yet. there is -- yes, exactly. there's an enormous amount of work to do. there's a lot of resistance in the states. that's going to be a struggle. >> one piece of that is in 1997 we did a balanced budget deal. one thing that happened when that period of republicans and democrats came together was step back and as part of consolidating the budget, they shift resources. that was the deal. it was a deficit reduction deal. one thing it created was a children's health program. it's functioning today. it isn't the case of periods of deficit consolidation. it's not just cutting and grinding these things out. how to run a smarter government and run things into resources we n
. >> i don't want to have that conversation in the context of the three-month debt ceiling deals. if we are going talk entitlements, is there room to push on the entitlements and suggest a larger social safety net, things like providing opportunities for poor children beginning to close the wealth gap is a priority. >> raise the health care law. i think it's very important to remember that law isn't fully operational, yet. there is -- yes, exactly. there's an enormous amount of work...
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Jan 18, 2013
01/13
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with these things, take the small one first, debt ceiling last, i think it's a rational, reasonable thing to do. >> now, for some, wolf, maybe even those in the republican house leadership, like him talking about what is rational and reasonable, that may be a bit jarring but the house republicans are coming out of their three-day retreat saying they have a better chance of reaching their goal of broad spending cuts. and that means not making the demand in the next few weeks, which is exactly what it would mean because, according to most economists, we will hit that debt ceiling mid-february. >> so here's the question, bottom line, is is this a sure thing? will congress actually vote to raise the debt limit next week? >> well, there is a catch. the house gop, the leadership at least says what they are going to try to pass next week would raise the debt ceiling for three months but with a condition. and that would be that the house and senate pass budgets. it may seem simple but house republicans like to point out that they haven't passed a budget in years. we already saw a carefully
with these things, take the small one first, debt ceiling last, i think it's a rational, reasonable thing to do. >> now, for some, wolf, maybe even those in the republican house leadership, like him talking about what is rational and reasonable, that may be a bit jarring but the house republicans are coming out of their three-day retreat saying they have a better chance of reaching their goal of broad spending cuts. and that means not making the demand in the next few weeks, which is...
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Jan 14, 2013
01/13
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. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are among the group of democrats meeting with vice president biden about gun control. the vice president could turn over his proposals to president obama as early as tomorrow. >> a month ago today, the shooting massacre at sandy hook elementary school shocked the nation. and re-ignited a fierce battle over america's relationship with guns. tomorrow, vice president biden will recommend a robust gun control game plan to president obama including stronger background checks for all gun purchases, a ban on high capacity magazine clips, and a renewed ban on assault weapons. >> my starting poi
. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are...
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Jan 18, 2013
01/13
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with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. talk didn't come here to about any of those important subjects today, because as important as they all are today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score, i owe an incredible debt of gratitude to you at the head table and those of you in the room. i know we don't have unanimity in this ballroom nor do we in any ballroom, but we all acknowledge that we have to do something. we have to act. and i hope we all agree, there is a need to respond to the carnage on our streets and in our schools. i hope we all agree that mass shootings like the one we witnessed in newtown 34 days ago cannot be continued to be tolerated. that tragedy has affected the public psyche in a way i have never seen before. the image of first graders, not only shot, but riddled w
with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. talk didn't come here to about any of those important subjects today, because as important as they all are today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score,...
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Jan 21, 2013
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. >> as he battled republicans over the debt ceiling. >> dealing with the white house is like dealing with a bowl of jell-o. >> can they say yes to anything? >> historic night in may brought the news that americans had been waiting nearly a decade to hear. >> tonight i can report to the american people and to the world that the united states has conducted an operation that killed osama bin laden. >> within a year he was back on the campaign trail. but on the anniversary of 9/11, a deadly terror attack in benghazi. >> make no mistake, justice will be done. >> after a long, tough campaign, americans died to give the president four more years. >> thank you, america! >> the thrill of victory cut short by searing tragedy, the day obama called the worst of his presidency. >> our hearts are broken today. these tragedies must end. >> now at the dawn of his second term, president obama has vowed to tackle the tough issues. >> there are no easy outs. >> despite the challenges that lie ahead. >> we know in our hearts that for the united states of america, the best is yet to com come. >> a long f
. >> as he battled republicans over the debt ceiling. >> dealing with the white house is like dealing with a bowl of jell-o. >> can they say yes to anything? >> historic night in may brought the news that americans had been waiting nearly a decade to hear. >> tonight i can report to the american people and to the world that the united states has conducted an operation that killed osama bin laden. >> within a year he was back on the campaign trail. but on the...
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Jan 18, 2013
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and then they can say at that point we'll deal with the debt ceiling. so it was a way to put some pressure on mitch mcconnell. but mitch mcconnell seems to think that okay we'll pass a budget in the senate and then use that as possible leverage with the republicans in the house who might hold up the debt ceiling. >> michael: that makes perfect sense that that is what they are trying to do it is really just passing the buck. the white house held a firm line on saying we're not going to negotiate at all on this debt ceiling, and it worked. do you think this is a lesson that may carry for four years, when they see themselves posturing this way rather than what they have done on other issues? do you think this might be contagious within the white house? >> remember bill clinton and what the definition of is, is. with barack obama it's sort of what the definition of negotiation is. they will deal with the debt ceiling, and that's when you will have very active negotiations over the budget. what the house has effectively done is put this on a similar path, a
and then they can say at that point we'll deal with the debt ceiling. so it was a way to put some pressure on mitch mcconnell. but mitch mcconnell seems to think that okay we'll pass a budget in the senate and then use that as possible leverage with the republicans in the house who might hold up the debt ceiling. >> michael: that makes perfect sense that that is what they are trying to do it is really just passing the buck. the white house held a firm line on saying we're not going to...
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Jan 21, 2013
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with the debt ceiling. he broke the republicans's arms on that. >> still got the votes. >> sandy relief who will disagree on that? >> a lot of of people. remember how chris christie was screaming? >> screaming at -- >> house republicans. >> right. >> what happens is up until now you had something called the hastert rule in the house. republicans stood together. that has been demolished in the last month. it's going to continue to be demolished when votes on immigration comes up and solving the sequestration money comes up and also on the budget. the real test for the president is whether he is going to go up against his own caucus to do things on medicare social security and a few other issues. >> we are looking at the president on a motorcade going down pennsylvania avenue. every time i look at the inaugural route, i can't help but go back to january 20th 1977 and jimmy carter breaking precedent and stepping out of the car and shaking hands with the american people. >> he walked the whole route. >> his fou
with the debt ceiling. he broke the republicans's arms on that. >> still got the votes. >> sandy relief who will disagree on that? >> a lot of of people. remember how chris christie was screaming? >> screaming at -- >> house republicans. >> right. >> what happens is up until now you had something called the hastert rule in the house. republicans stood together. that has been demolished in the last month. it's going to continue to be demolished when...
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Jan 20, 2013
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on not slamming-- or raising the debt ceiling, just the tone, jay carney saying he's encouraged and the republicans trying to beat a deadline and things might be different. >> sure, i don't think anyone in this town is under any illusion, and magically the republicans and democrats are coming together and solve all of these big problems and singing kumbayah. but there are a host of things where they want to come together and find some common ground and the debt ceiling might be one of them, but the republicans have some caveats to that and want to make sure that the senate democrats pass a budget. something they haven't done in the last four years and put some heat on the democrats right there. even as both sides are talking about coming together on some of this, there's going to be an edge to it as well. let's not forget the president is still dealing with high unemployment. and wants to focus on gun control, immigration reform and get those done in the second term and still got things left over from the first term. stubbornly high unemployment said he's going to cut the budget def
on not slamming-- or raising the debt ceiling, just the tone, jay carney saying he's encouraged and the republicans trying to beat a deadline and things might be different. >> sure, i don't think anyone in this town is under any illusion, and magically the republicans and democrats are coming together and solve all of these big problems and singing kumbayah. but there are a host of things where they want to come together and find some common ground and the debt ceiling might be one of...
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. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are among the group of democrats meeting with vice president biden about gun control. the vice president could turn over his proposals to president obama as early as tomorrow. >> a month ago today, the shooting massacre at sandy hook elementary school shocked the nation. and re-ignited a fierce battle over america's relationship with guns. tomorrow, vice president biden will recommend a robust gun control game plan to president obama including stronger background checks for all gun purchases, a ban on high capacity magazine clips, and a renewed ban on assault weapons. >> my starting poi
. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are...
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Jan 21, 2013
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>> nervous about the debt ceiling and sequestration that hurtd g.d.p. and the fiscal deal. again, everyone wants deficit reduction. they do not want debt pour on. >> do you believe there is still an appetite to cut spending? this is a walkway that will connect the white house and the reviewing stand and the motorcade is going to the south side of the white house behind the white house, and the back of this building right now and they go to the white house to this walkway just to get to this reviewing stand. you are looking at there and seeing what, robert? it seems like more gamesmanship in both sides with a brief window. >> the economy is better, that is clear. housing is coming back. there is alignment between the business community and the priorities of the executive office. immigration reform. education. corporate tax reform. we need the other things we mentioned, the debt ceiling happened first. otherwise, this is going to be an uncertain year. >> why didn't you get picked if treasury? ing in against jack lew but they need guys like you. >> i am very flattered. fox sho
>> nervous about the debt ceiling and sequestration that hurtd g.d.p. and the fiscal deal. again, everyone wants deficit reduction. they do not want debt pour on. >> do you believe there is still an appetite to cut spending? this is a walkway that will connect the white house and the reviewing stand and the motorcade is going to the south side of the white house behind the white house, and the back of this building right now and they go to the white house to this walkway just to get...
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Jan 19, 2013
01/13
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. >>> house republicans are offering a debt ceiling deal rather than risk a new financial crisis. they will allow new government borrowing for three months, but they insist the senate must pass a budget within those three months. and to add more pressure to get a deal, they promise to withhold paychecks for whichever chamber, house or senate, doesn't pass a budget. >>> officials have issued a high surf advisory for the northern california coast this weekend. the good news -- that's just about perfect for 24 of the world's top surfers who are waxing down their boards for a big wave competition in half moon bay that starts on sunday. the bad news -- the other seven billion people in the world can't swim there. >>> that is the news. guys? back to you guys. >> thank you. >> you're from that area, aren't you -- >> yeah, yeah, no. i wouldn't ever surf. >> you're in the seven billion part. >> we'll be on the beach. >> yeah. >> i used to sit on half moon bay and watch it. exactly. >>> dylan dreyer has another check of the forecast. >> good morning, guys. a couple of birthdays from texas.
. >>> house republicans are offering a debt ceiling deal rather than risk a new financial crisis. they will allow new government borrowing for three months, but they insist the senate must pass a budget within those three months. and to add more pressure to get a deal, they promise to withhold paychecks for whichever chamber, house or senate, doesn't pass a budget. >>> officials have issued a high surf advisory for the northern california coast this weekend. the good news --...
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Jan 18, 2013
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ceiling deal. and by the way, the president's intransigence on this, this idea that he won't negotiate, republicans are looking at this and saying, well, we actually did get a fair amount of spending cuts the last time we fought on the debt ceiling in the budget control act of last year. the president said that this deal now would have to include an extension of the debt ceiling that they just got to avoid the fiscal cliff. well, he ultimately folded on that. so as a tactical matter, even in their minority position, they can look at this and see, well, there is some gain to be gotten here if we keep pushing on this. i think the flip side of this is also a big challenge for the president. if he really wants to unshackle the economy, if he wants to get more robust economic growth, does he not want to be more proactive about dealing with some of these entitlements, with dealing with the budget picture, even where he has real problems with his supposed, you know, partners in this to republicans? does h
ceiling deal. and by the way, the president's intransigence on this, this idea that he won't negotiate, republicans are looking at this and saying, well, we actually did get a fair amount of spending cuts the last time we fought on the debt ceiling in the budget control act of last year. the president said that this deal now would have to include an extension of the debt ceiling that they just got to avoid the fiscal cliff. well, he ultimately folded on that. so as a tactical matter, even in...
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Jan 15, 2013
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ceiling. remember, president bush was in office at the time, so senator obama would probably be against some of the things he was talking about, particularly the debt ceiling. the senator called it irresponsible to increase the debt. listen to then-senator obama. >> the problem is that the way bush has done it over the last eight years is to take out a credit card from the bank of china in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents. number 43 added $4 trillion by his lonesome so we now have over $9 trillion of debt that we are going to have to pay back, $30,000 for every man, woman and child. that's irresponsible. it's unpatriotic. >>steve: there you've got the president, back then senator, back in the day saying that president of ours, he's running up the bills, and it would be unpatriotic what he's doing. and we cannot raise the debt limit. forward to his administration, and i think this is going to be the fourth time he has asked cong
ceiling. remember, president bush was in office at the time, so senator obama would probably be against some of the things he was talking about, particularly the debt ceiling. the senator called it irresponsible to increase the debt. listen to then-senator obama. >> the problem is that the way bush has done it over the last eight years is to take out a credit card from the bank of china in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents....
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ceiling, there's no deal. what kind of progress can we hope for here? our political panel debates that coming up in our next hour. now to another big debate playing out in washington over the obama administration's efforts to overhaul the nation's gun laws. we heard some of that this morning. here is the president addressing this issue during a white house news conference, we mentioned, moments ago. >> what you can count on is that the things that i've said in the past, the belief that we have to have stronger background checks, that we could do a much better job in terms of keeping these magazine clips with high capacity out of the hands of folks who shouldn't have them, an assault weapons ban that's meaningful that those are things i continue to believe make sense. >> megyn: new york senator chuck schumer is going a step further than the administration. now calling on wal-mart and other retailers to suspend sales of some types of weapons that are now perfectly legal until washington can come up with a new gu
ceiling, there's no deal. what kind of progress can we hope for here? our political panel debates that coming up in our next hour. now to another big debate playing out in washington over the obama administration's efforts to overhaul the nation's gun laws. we heard some of that this morning. here is the president addressing this issue during a white house news conference, we mentioned, moments ago. >> what you can count on is that the things that i've said in the past, the belief that we...
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Jan 15, 2013
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understand that fitch is not just looking for an 11th hour debt ceiling deal that sets the table for another mini crisis down the road. the federal government hit the debt limit as you know on december 31st. the treasury is using so-called extraordinary measures to pay its bills through mid-february or early march. now, fitch predicts washington will extend the debt ceiling despite the current war of words between president obama and republicans in congress. what happens if we get downgraded? it happened before. remember 2011, when standard & poor's did it. that hit markets and the wider economy hard, but it didn't cause interest rates to increase. this time could be different, however, because the rest of the world is getting its act together. even successful businesses like ford are worried. here's what ceo alan mulally told me today. >> i think the most important thing to your point is that we come together around a solution that allows us to live within our means, to reduce our budget deficits, and also to deal with our trade deficits, and create an environment where the business
understand that fitch is not just looking for an 11th hour debt ceiling deal that sets the table for another mini crisis down the road. the federal government hit the debt limit as you know on december 31st. the treasury is using so-called extraordinary measures to pay its bills through mid-february or early march. now, fitch predicts washington will extend the debt ceiling despite the current war of words between president obama and republicans in congress. what happens if we get downgraded?...
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Jan 14, 2013
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also congress has got to deal with the debt ceiling. we're hitting it yet again. sometime in mid-february, authorities believe. and this time it looks like republicans will be pushing for cuts and social will be on the table. finally, you mentioned vice president biden meeting today with cabinet members to finalize recommendations on guns including pushing for an assault weapons ban, but also what he said is a comprehensive approach to gun control. the nra and others don't believe in assault weapons ban can pass in congress. we'll get his recommendations tomorrow. >> thank you. >>> colin powell is speaking out on nbc's "meet the press" he endorsed chuck hagel to be the new defense secretary. he said hagel would do a great job at the pentagon. powell also fired harsh words at his own republican party. >> there's also a dark -- a dark vain of intolerance in some parts of the party. what do i mean by that? what i mean by that they still sort of look down on minorities. how can i evidence that? when i see a former governor say that the president is shucking and jiving
also congress has got to deal with the debt ceiling. we're hitting it yet again. sometime in mid-february, authorities believe. and this time it looks like republicans will be pushing for cuts and social will be on the table. finally, you mentioned vice president biden meeting today with cabinet members to finalize recommendations on guns including pushing for an assault weapons ban, but also what he said is a comprehensive approach to gun control. the nra and others don't believe in assault...
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Jan 19, 2013
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expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was when you raised that term initially? >> as i said, the fiscal kloof, if allowed -- the fiscal clef, if allowed to take place, would probably create a recession this year. a good part of that has been addressed. but nevertheless, we have a set of a restrictive fiscal policies now. federal fiscal policy will subtract from real gdp growth something on the order of one% to 1.5% this year. it is quite a drag on the economy. there is more work to do. let me be clear about that. it will be a long haul. it will not happen overnight. basically because the government budget represents the values and priorities of the public and decisions being made about what to spend on, what to tax and so on are difficult and contentious decisions and will take some time to address. >> those issues, of cour
expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was when you raised that term initially? >> as i said, the fiscal kloof, if allowed -- the fiscal clef, if allowed to take place, would probably create a recession this year. a good part of that has been...
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Jan 16, 2013
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so they ended up coming up with a deal. you get some sense from these interviews about the tough decisions and the factors that go into the decision making that has taken place over the last four years. >> peter baker, thanks very much, for coming on. we appreciate it. your piece is in this sunday's "new york times'" magazine. joe conason, stick around. that's your punishment, you have to stay here with donny and i. more trouble in the skies for boeing's dream larlinerdreamlin. business before the bell with cnbc's brian shactman. weight watchers online worked for us. we don't argue much. we really don't. meg usually just gets her way, and i go along with it. i think it worked for matt because i did it for him. when i'm the one cooking, i'm the one calculating the points. i can microwave things. you get to eat real food. we still get to go out. we're just so much smarter about it. we can keep each other in check. going, "okay, i see you." we've lost about 110 pounds together. it helped our love life. happy wife, happy life,
so they ended up coming up with a deal. you get some sense from these interviews about the tough decisions and the factors that go into the decision making that has taken place over the last four years. >> peter baker, thanks very much, for coming on. we appreciate it. your piece is in this sunday's "new york times'" magazine. joe conason, stick around. that's your punishment, you have to stay here with donny and i. more trouble in the skies for boeing's dream larlinerdreamlin....
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the president has to deal with the debt ceiling and wants to pass major immigration reform and wants to do something about climate change. has he told you, they told you, how much political capital he is willing to spend on what will be a very tough fight? >> you know, i think that the president has demonstrated tremendous leadership on this issue. i think the country rallied around him. and, his leadership after newtown because he really was a voice for those parents who lost they child... >> chris: he told you... >> and i see from his actions, we hear from the white house, and, we hear from the vice president, that they are going to lay down political capital on this issue. and i think the one thing i would say to this, people like larry and others who say we can't do anything about these issues, is that where there is confirmed background checks or dealing with high capacity magazines which was an issue in newtown, we can take action and to say we should do nothing, doesn't say anything to the parents in newtown who lost those children in that tragedy. >> chris: thank you for join
the president has to deal with the debt ceiling and wants to pass major immigration reform and wants to do something about climate change. has he told you, they told you, how much political capital he is willing to spend on what will be a very tough fight? >> you know, i think that the president has demonstrated tremendous leadership on this issue. i think the country rallied around him. and, his leadership after newtown because he really was a voice for those parents who lost they...
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Jan 21, 2013
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on the debt ceiling has to have tax loopholes closed. speaker boehner brought the 800 billion in loop whole closures in the beginning of the fiscal cliff negotiation that should be a part of this deal. despite the fact that the president wanted rate increase on the fiscal deal and that's all they want. >> you can see the democrats and white house believe they have the argument in their back pocket. they offered once they can call on it again if they are going to concede on any spending cuts. none have been discussed at least in the short term are going to solve the problem. the only way you solve the problem is by structural entitlement reform. you have to change the trajectory. it is not 50 billion from defense spending there. it would have an impact in our capability in context with the military but the only way you get serious and change the trajectory of the debt is to have entitlement reform. >> what does that take? we are europe and finally we have to do something about it? >> i think charles's point this is a president who wouldn'
on the debt ceiling has to have tax loopholes closed. speaker boehner brought the 800 billion in loop whole closures in the beginning of the fiscal cliff negotiation that should be a part of this deal. despite the fact that the president wanted rate increase on the fiscal deal and that's all they want. >> you can see the democrats and white house believe they have the argument in their back pocket. they offered once they can call on it again if they are going to concede on any spending...
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Jan 18, 2013
01/13
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they would focus on a longer-term debt ceiling increase sometime in april or may. that is the strategy from house republicans. president obama says he has not even entertained any type of negotiations. republicans should agree to raise the debt ceiling because having to raise it is the result of appropriations already passed and signed into law. back to you. melissa: thanks so much. ashley: here with reaction to the gop when it peter welch. thank you for joining us. you say, look, republicans are making it an "economic weapon of mass distraction." do they get is a continuation of that? >> it is actually progress for the republican confidence, but it is not progress for the country. that tack tick is not one that they can hold onto because they know it will plunge this country into a deeper recession. they have been -- it is a way to say they are avoiding. ashley: it really is not addressing the issue, though, what will it take to get that in place. i know that you, of course, have been leading the charge to have the president to prevent the country from defaulting.
they would focus on a longer-term debt ceiling increase sometime in april or may. that is the strategy from house republicans. president obama says he has not even entertained any type of negotiations. republicans should agree to raise the debt ceiling because having to raise it is the result of appropriations already passed and signed into law. back to you. melissa: thanks so much. ashley: here with reaction to the gop when it peter welch. thank you for joining us. you say, look, republicans...
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. >> the debt ceiling is still around. >> easily, though. >> the debt ceiling is still around. you are still dealing with that and, of course, the sequester issue. there are a lot of questions about what happens. we're speccing to run into that debt ceiling sometime between february 15th and march 1st. in the meantime, let's talk about corporate news. aig is suiciding maiden lane over lawsuit rights. it's the federal vehicle created during aig's bailout. at issue is whether the insurer transferred its rights to sue for losses that it incurred on its troubled bonds when it sold $2 billion in securities to the fed in 20308. aig is preserving its right to sue the federal government and other debts. >> fed chairman ben bernanke is going to speak and answer questions at the university of michigan. in d.c., president obama is said to be forging ahead on a wide ranging plan to overhaul the immigration plan this year. this includes a path to citizenship for illegal immigrants already in the country. immigrants would have to pay fines and back taxes. it would require businesses to veri
. >> the debt ceiling is still around. >> easily, though. >> the debt ceiling is still around. you are still dealing with that and, of course, the sequester issue. there are a lot of questions about what happens. we're speccing to run into that debt ceiling sometime between february 15th and march 1st. in the meantime, let's talk about corporate news. aig is suiciding maiden lane over lawsuit rights. it's the federal vehicle created during aig's bailout. at issue is whether...
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Jan 18, 2013
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with the debt ceiling, we may very well be able to meet the goal we set out to do, which is to have roughly $4 trillion cut over 10 years in the long-term deficit and put us on that past. i didn't come here to talk about any of this important subjects today because as important as they all are today we have a mortgage and indie media call and that is how to do with the epidemic of gun violence in america. the one of the statistics better than anyone, so i'm not going to repeat it. on that score i might add ale in a credible threat of gratitude to many of you at the table as well as those of you in the room. i know we don't have unanimity and this ballroom, nor do we have any ballroom, but we all know, it wanted knowledges we have to do some gain. we have to act and i hope we all agree there's a need to respond to the carnage on our streets and in our schools. i hope we all agree that mass shootings like the one we witnessed in your newton cannot be tolerated. that tragedy in public life has affected the public safety in a way that i've never seen before. the image of first graders,
with the debt ceiling, we may very well be able to meet the goal we set out to do, which is to have roughly $4 trillion cut over 10 years in the long-term deficit and put us on that past. i didn't come here to talk about any of this important subjects today because as important as they all are today we have a mortgage and indie media call and that is how to do with the epidemic of gun violence in america. the one of the statistics better than anyone, so i'm not going to repeat it. on that score...
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we've got a debt ceiling issue that the president's going to have to deal with. there are a lot of other issues the president's going to have to deal with, immigration reform. i think the president's going to have to spend time on this whether he wants to or not. >> connie mack, nice to see you. >> nice to see you. >> please tell your lovely wife we're sorry she lost all her luggage and was stuck at the airport. >> love you, honey. >> we'll get back to john berman with a look at some of the other stories ahead this morning. >>> we'll be talking about the golden globes. ben affleck didn't get nominated for an oscar, but his surprise win at the globes may be vindication. we'll have that, the other surprises, and the big snubs in a live report. >>> he's known for his role on "breaking bad," but actor steven michael casada has a new role to play, local school board member. you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can tra
we've got a debt ceiling issue that the president's going to have to deal with. there are a lot of other issues the president's going to have to deal with, immigration reform. i think the president's going to have to spend time on this whether he wants to or not. >> connie mack, nice to see you. >> nice to see you. >> please tell your lovely wife we're sorry she lost all her luggage and was stuck at the airport. >> love you, honey. >> we'll get back to john berman...